Forget the "cookie-cutter" suburbs. Follow the historic red brick road to the end of the line, where 3,140 square feet of timeless elegance meets modern luxury. Nestled on a sprawling, private **.70-acre lot** framed by mature landscaping, this five-bedroom Colonial Farmhouse is a rare Dade City treasure that seamlessly blends traditional character with essential modern updates. Step inside a true Colonial floor plan that celebrates craftsmanship at every turn. The heart of the home is a sun-drenched living room where a red brick wood-burning fireplace anchors the space against stunning tongue-and-groove wood ceilings. Timeless details like custom built-in shelving, elegant crown molding, and original hardwood flooring whisper stories of the past, while the distinct formal dining and sitting rooms provide the perfect backdrop for hosting candlelit dinners or enjoying quiet morning coffees. The kitchen has been masterfully updated to offer modern convenience while honoring its farmhouse roots, providing an abundance of counter space and custom cabinetry. For those who crave the Florida lifestyle, the living space extends outdoors to a massive private patio and a pro-grade outdoor kitchen. Fully equipped with a built-in BBQ, sink, and fridge, this exterior oasis is an entertainer's dream under the stars. The upstairs sanctuary has been recently reimagined for total relaxation, featuring a spa-inspired primary bath with a floor-to-ceiling subway tile shower and a custom-built double vanity. This retreat is completed by new ceramic tile plank flooring and an oversized walk-in closet that defies expectations. The three additional generously sized bedrooms offer the same beautiful hardwood floors found throughout the home. This property offers incredible versatility, including a fifth downstairs bedroom that serves perfectly as a quiet home office, private gym, or creative studio. You can move in with absolute peace of mind knowing the sellers recently installed a brand-new roof and gutters. Complete with a large laundry room and a convenient downstairs half-bath, this isn't just a house—it’s a sanctuary of character and charm that simply cannot be replicated. Words and photos can only tell half the story; to truly feel the magic of the red brick road, you must experience it in person.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
